Shaheen Insurance (Pakistan) Price on March 19, 2024
| SHNI Stock | 5.85 0.25 4.46% |
If you're considering investing in Shaheen Stock, it is important to understand the factors that can impact its price. As of today, the current price of Shaheen Insurance stands at 5.85, as last reported on the 27th of November, with the highest price reaching 6.09 and the lowest price hitting 5.35 during the day. Shaheen Insurance appears to be slightly risky, given 3 months investment horizon. Shaheen Insurance owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the firm had a 0.11% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Shaheen Insurance, which you can use to evaluate the volatility of the company. Please review Shaheen Insurance's Risk Adjusted Performance of 0.112, semi deviation of 2.2, and Coefficient Of Variation of 730.7 to confirm if our risk estimates are consistent with your expectations.
Shaheen Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Shaheen |
Sharpe Ratio = 0.1145
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Estimated Market Risk
| 2.81 actual daily | 25 75% of assets are more volatile |
Expected Return
| 0.32 actual daily | 6 94% of assets have higher returns |
Risk-Adjusted Return
| 0.11 actual daily | 9 91% of assets perform better |
Based on monthly moving average Shaheen Insurance is performing at about 9% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Shaheen Insurance by adding it to a well-diversified portfolio.
Shaheen Insurance Valuation on March 19, 2024
It is possible to determine the worth of Shaheen Insurance on a given historical date. On March 19, 2024 Shaheen was worth 3.91 at the beginning of the trading date compared to the closed value of 3.91. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Shaheen Insurance stock. Still, in general, we apply an absolute valuation method to find Shaheen Insurance's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Shaheen Insurance where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Shaheen Insurance's related companies.
| Open | High | Low | Close | Volume | |
| 3.79 | 3.79 | 3.79 | 3.79 | 8,600 | |
03/19/2024 | 3.91 | 3.91 | 3.91 | 3.91 | 1,075 |
| 3.95 | 3.95 | 3.89 | 3.89 | 6,988 |
| Backtest Shaheen Insurance | | | Shaheen Insurance History | | | Shaheen Insurance Valuation | Previous | Next |
Shaheen Insurance Trading Date Momentum on March 19, 2024
| On March 20 2024 Shaheen Insurance was traded for 3.89 at the closing time. The highest price during the trading period was 3.95 and the lowest recorded bid was listed for 3.89 . The volume for the day was 7 K. This history from March 20, 2024 contributed to the next trading day price decline. The trading price change to the next closing price was 0.51% . The trading price change to the current price is 2.81% . |
About Shaheen Insurance Stock history
Shaheen Insurance investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Shaheen is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Shaheen Insurance will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Shaheen Insurance stock prices may prove useful in developing a viable investing in Shaheen Insurance
Shaheen Insurance Stock Technical Analysis
Shaheen Insurance technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Shaheen Insurance Period Price Range
Low | November 27, 2024
| High |
0.00 | 0.00 |
Shaheen Insurance cannot be verified against its exchange. Please verify the symbol is currently traded on Karachi Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Shaheen Insurance November 27, 2024 Market Strength
Market strength indicators help investors to evaluate how Shaheen Insurance stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Shaheen Insurance shares will generate the highest return on investment. By undertsting and applying Shaheen Insurance stock market strength indicators, traders can identify Shaheen Insurance entry and exit signals to maximize returns
Shaheen Insurance Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Shaheen Insurance's price direction in advance. Along with the technical and fundamental analysis of Shaheen Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Shaheen to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.112 | |||
| Jensen Alpha | 0.4559 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | 0.095 | |||
| Treynor Ratio | (0.85) |
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| Math Transform | ||
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| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for Shaheen Stock analysis
When running Shaheen Insurance's price analysis, check to measure Shaheen Insurance's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Shaheen Insurance is operating at the current time. Most of Shaheen Insurance's value examination focuses on studying past and present price action to predict the probability of Shaheen Insurance's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shaheen Insurance's price. Additionally, you may evaluate how the addition of Shaheen Insurance to your portfolios can decrease your overall portfolio volatility.
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